President Trump’s Sudden U-Turn on Greenland

WSJ What’s News

The Wall Street Journal

Daily News, News

4.1 • 4.2K Ratings

🗓️ 21 January 2026

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

P.M. Edition for Jan. 21. President Trump dials down the rhetoric with Europe, calling off threatened tariffs on several European nations after saying he wouldn’t use force to take Greenland. We hear from WSJ national security reporter Robbie Gramer about how European leaders are responding. Plus, U.S. stocks jump in response to Trump’s de-escalation. And, the Supreme Court heard oral arguments today in the case of Fed governor Lisa Cook. The Journal’s chief economics correspondent Nick Timiraos says the court seemed skeptical of the Trump administration’s attempt to fire her and discusses what that means for the central bank’s independence. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:26.6	2025 proprietary survey among real estate professionals. President Trump makes a head spinning
0:35.5	U-turn on Greenland, calling off tariffs on Europe and saying he won't use force to take the island.
0:41.2	How is Europe responding?
0:42.7	A lot of European officials that I've been speaking to in recent days are somewhere between dazed, shocked and confused.
0:50.3	And even though this is now a new de-escalation, they're still just as shocked, just as confused,
0:55.2	and just about as anxious as they were before.
0:58.4	Trump's comments about a framework for a Greenland deal in the afternoon sent stock markets
1:02.6	searching.
1:04.0	Plus, Federal Reserve Governor Lisa Cook seems likely to keep her job after a hearing at the Supreme
1:09.2	Court.
1:10.1	It's Wednesday, January 21st.
1:12.2	I'm Alex O'Sullough for the Wall Street Journal.
1:14.6	This is the PM edition of What's News, the top headlines and business stories that move the world today.
	...

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